According to Foresight News, ZachXBT has issued a warning stating that at least one team member from Zkasino's $30 million exit scam appears to be related to the WhiteRock project, as on chain trading links these two projects and a personal email address. Zkasino had raised over $30 million from the community through pre-sales, but the project did not develop according to the roadmap, and the funds seemed to have been misappropriated, leading to the arrest of Elham Nourzai and asset seizure by FIOD in the Netherlands at the end of April 2024. His accomplices, Ildar Ilham and Lior Ben Zakan, were accused of residing in the Middle East at the time. At the end of 2024, Elham was released and Zkasino's funds began to be slowly cleared through inter chain jumps, involving networks such as ZkSync, Starknet, EVM, and Solana. The funds were divided into two paths: 1) cashed out through OTC brokers; 2) Convert cryptocurrencies to XMR through real-time exchanges; 3) Conduct contract transactions on Hyperliquid. WhiteRock (WHITE) emerged at the end of last year and was immediately discovered to have multiple significant issues, including: an anonymous team with no history, allegations of fake partnership relationships, the team having multiple secondary wallets that provide funds through instant exchanges, exaggeration of user numbers, and lack of transparency in USDX support.
